Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.016%

Price spread now: Hotstuff against Variational Omni−0.065%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 45 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	357.45	0.0029	pay 0.0029% / 8h	3h 46m	$4.8M	$2.3M	—
Short	Hotstuff GOOGL-PERP	357.22	0.0144	get 0.0018% / 1h	46m 21s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee HotstuffbpOrdersPrice spread, now −0.065%Rate

Funding earned: $24.23
Price spread: −0.065% → 0.000%: −$6.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $12.73
Costs to cover: 0.050%
Break-even: 3.3 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	4.6 bp −$46	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate GOOGL_USDT	0.0000%	8h	357.32	−0.037%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.41	−0.012%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.26	−0.054%	$754	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.08	−0.104%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.44	−0.003%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.45	−0.001%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.146%	$522K	$1.1M	10x	as long as short
Variational Omni GOOGLlong	+0.0029%	8h	357.45	long leg	$4.8M	$2.3M	—
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.13	−0.089%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.42	−0.009%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.093%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0036%	8h	357.25	−0.057%	$23K	$435K	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.06	−0.110%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.46	+0.002%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.22	−0.065%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.08	−0.104%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.166%	$2.3M	$4.8M	15x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	357.21	−0.067%	$557K	$80K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0058%	1h	357.23	−0.062%	$99.1M	$20.5M	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.27	−0.051%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.54	+0.023%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.33	−0.034%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.085%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.13	−0.090%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.19	−0.073%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.15	−0.085%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.43	−0.006%	$72.5M	$141.4M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0110%	8h	357.41	−0.012%	$13.8M	$12.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.28	−0.049%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0116%	8h	357.33	−0.035%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERPshort	+0.0144%	1h	357.22	−0.065%	$33K	—	20x
Phoenix GOOGL	+0.0179%	1h	357.20	−0.071%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	357.22	−0.065%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0248%	8h	357.53	+0.022%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0296%	1h	357.43	−0.006%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0517%	4h	357.29	−0.044%	$208K	$1.2M	10x	as long as short